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USDCHF: Rapid climb

2023-01-04
595
Fundamental analysis:

USD/CHF remained volatile around 0.93597. The Fed will continue its tightening cycle this year to combat surging inflation expectations, which has widely affected investor sentiment. The Swiss franc is expected to have a fairly active year in 2023 as a hedge against inflation and uncertainty. There are many risk events in the next 12 months, consider those unforeseen events that may shake the market.


US dollar Swiss franc USDCHF - 4-hour K-line chart shows:



Brief technical analysis:
Looking at the 4-hour chart: the bullish momentum is rising strongly, pulling up and rising, the short-term bullish sentiment is shrouded, the high level is in short-term resistance and shocks, the market bullish momentum is still there, the MACD indicator is in the bullish zone and continues to move upward, and the RSI indicator is in the bullish zone.
Long-short turning point: 0.93525
Suppression: 0.93745, 0.93889
Support: 0.93385, 0.93241
Trading strategy: Bullish above 0.93525, target 0.93745, 0.93889
Alternative strategy: bearish below 0.93525, target 0.93385, 0.93241

The above information is provided by special analysts and is for reference only. CM Trade does not guarantee the accuracy, timeliness and completeness of the information content, so you should not place too much reliance on the information provided. CM Trade is not a company that provides financial advice, and only provides services of the nature of execution of orders. Readers are advised to seek relevant investment advice on their own. Please see our full disclaimer.

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